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Sunil Mehta

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In stressed assets, it doesn't make sense to get cute with disclosures: Sashakt chief

Finance

07 August, 2020

In stressed assets, it doesn't make sense to get cute with disclosures: Sashakt chief

In May 2020, two people in the know told VCCircle that lenders are reconsidering the option of a so-called “bad ......

Banks weigh Sashakt panel-proposed fund to turn around stressed assets

Finance

11 May, 2020

Banks weigh Sashakt panel-proposed fund to turn around stressed assets

Indian banks have revived discussions on setting up an asset management company and an alternative investment fund of around Rs ......

PNB hikes bad-loan recovery target by over 50% for FY20

Finance

30 May, 2019

PNB hikes bad-loan recovery target by over 50% for FY20

State-owned Punjab National Bank (PNB) has increased its bad-loan recovery target to Rs 25,000 crore for the current financial year. ......

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Putting onus on borrower is bankruptcy law's biggest plus point: PNB's Sunil Mehta

Finance

04 March, 2019

Putting onus on borrower is bankruptcy law's biggest plus point: PNB's Sunil Mehta

It has been a year since Punjab National Bank (PNB) revealed that two jewellery groups had swindled the state-run lender ......

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India's mid-size bad loans resolution process from this month: Project Sashakt's Mehta

Finance

03 September, 2018

India's mid-size bad loans resolution process from this month: Project Sashakt's Mehta

In early July, a panel led by Sunil Mehta, non-executive chairman at Punjab National Bank, proposed a five-pronged Project Sashakt ......

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Project Sashakt panel engages with PE funds for AIF as investors seek clarity

Finance

30 August, 2018

Project Sashakt panel engages with PE funds for AIF as investors seek clarity

A committee of bankers tasked with implementing Project Sashakt to ease the pile of bad loans on banks’ balance sheets ......

Green energy startup igrenEnergi gets fresh funding

Infrastructure

12 February, 2016

Green energy startup igrenEnergi gets fresh funding

igrenEnergi Inc, a US-headquartered startup incubated at the Indian Institute of Technology-Bombay, has raised fresh funding to launch a product ......